Services for the self-employed and companies · New
The culture tax credit under art. 39.7 of the LIS
We find the cultural project for you. You make the contribution and apply, on your Spanish Corporate Income Tax or Personal Income Tax (IRPF), the tax credit that the law reserves for the producer.
Up to 120%of your contribution turned into a tax credit, on your Corporate Income Tax or IRPF.
In other words: a return of up to 20% on the amount contributed, obtained through the tax credit in your own tax return.
How does it work, in broad terms?
- We select a cultural project (an audiovisual production or a live performing arts or music show) that meets the legal requirements.
- You contribute through a simple financing agreement, without changing advisers.
- The credit is subject to a combined cap of 25% of your gross tax liability, which can rise to 50% in certain cases (art. 39.1 LIS). We work it out in the initial assessment.
- First of all, we carry out a free, no-obligation assessment to confirm whether the service suits you.
Important
The credit depends on your gross tax liability, the other credits you apply and on the project and the agreement meeting the requirements of art. 39.7 of Spanish Law 27/2014 on Corporate Income Tax. This information is for guidance only and does not replace an individual assessment of your case.
Shall we talk about your case?
Tell me about your company or business in a first, no-obligation analysis session, and we will assess together whether this credit fits your tax planning.